TradeRush ReviewMarch 1, 2012 // 6 Comments
Although it is a relatively new entrant to the binary marketplace, TradeRush has quickly established itself as one of the top choices for digital options traders.
As one of the fastest growing brokers in the industry the key to its success has been its ability to provide solid trading conditions while at the same time providing a number of new and innovative features.
It was one of the first brokers to introduce the 60 second option contract for traders for which it now synonymous. More recently it has also helped develop and launch the ‘Dynamic One Touch’ contract on the SpotOption trading platform.
With a wide range of features and mobile trading facilities, the company proves a popular choice for traders of all levels and abilities.
|Accepting US Traders||Yes|
|Trade Types||Call/Put, Option Builder, 60 sec, One Touch|
|Deposit Offers||20-75% first deposit bonus|
Given its reputation for industry innovation, it is perhaps no surprise that a wide choice of expiry times and contracts are offered to clients. The trading platform at the core of this comprehensive offering is the widely used SpotOption dealing platform which is well regarded within the industry.
In addition to the standard binary Call/ Put option contract traders can also place One Touch, 60 second and the new Dynamic One Touch option contact.
The TradeRush Option Builder tool lets you construct your own options contracts and define both the expiry time and the strike rate you want to set. The newest contract on offer, the ‘Dynamic One Touch’ works much like the Option Builder in allowing to set your own level and determine the return that you want to make on the One Touch contract.
Pay-out levels on contract are generally good, with up to an 81% return offered for a Call/ Put option. The highest returns are reserved for the highest risk contracts. These tend to be the 60 second contracts where in some instances you can earn up to 175% for expiring in the money.
Several account types are offered, each with additional trading benefits and features the higher up the scale that you go. Traders can choose from five main accounts. These start with the Micro account. This requires a $200 initial deposit.
Other account types (Starter, Executive, Gold and Platinum) are available by meeting the higher opening deposit requirements. These come with additional trading benefits including access to free trading guides, risk-free trades and dedicated personal account managers.
Accounts can be held in USD, EUR, GBP or JPY. The minimum opening deposit requirement is 200 units of the desired account holding currency.
Deposits and Withdrawals
You can use a wide range of methods to fund your account. These include bank wire transfer, credit and debit card, and CashU. Withdrawals from your account are made back initially to the original deposit source.
Any subsequent withdrawal requests are completed by Bank Wire. The first monthly withdrawal from your account is provided free of charge. Additional requests each month attract a $25 fee for processing.
Trading while on the go is catered for with dedicated iPhone and Android applications available. These allow you to monitor existing positions, open new contracts and carry out any basic account functions.
The apps are available to download directly from the iPhone and Google Play apps stores.
Support is very good and clients get access to trading eBooks and daily and weekly market reports. At present language support is only provided in English. However the website is also available in Japanese, Spanish and French.
A range of contact methods are provided should they be needed including toll free UK and US numbers, email and online chat.
As you would expect from such an innovative company, the range of assets offered to traders is growing all the time. Currency you can access over 20 Indices, 13 Forex pairs, 9 Commodities and 18 Stocks. This is one of the widest ranges of commodities offered by a broker and features both hard commodities such as Gold and Oil and soft commodities like Cotton, Coffee and Corn.
TradeRush Review – Verdict
While Traderush may not have the legacy compared to some of the older more established companies in the industry, it makes up for this by being one of the most innovative brokers in the industry.
The Dynamic One Touch trade is the latest in a long line of product firsts, following on from their early introduction of 60 second binary contracts and the Option Builder tool.
Pricing and support are among the best that you will find in the industry. The trading conditions on offer, backed up by a dedicated support team make this a good choice for your trading.